Early Update – Mega Caps Lead, But Another Unexpected Development…The Yen is Soaring

12:13 p.m. ET I’ve expected a lot of cross currents in December and many conflicting ones. We have one in play this morning I didn’t expect. The Japanese Yen is soaring with USD/JPY down -1.65% due to speculation that the Bank of Japan will scrap the world’s last negative interest-rate regime as soon as the…